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Note 8 - Segment Information
 6 Months Ended
Jun. 28, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

8. Segment Information


The Company’s operations are conducted through three operating segments consisting of retail, international franchising and commercial. The retail segment includes the operating activities of company-owned stores in the United States, Canada, the United Kingdom and Ireland and other retail delivery operations, including the Company’s web store, pop-up stores and non-traditional store locations such as a baseball park. The international franchising segment includes the licensing activities of the Company’s franchise agreements with store locations in Europe, outside of the United Kingdom and Ireland, Asia, Australia, the Middle East, Africa and Mexico. The commercial segment includes the Company’s transactions with other businesses, mainly comprised of licensing the Company’s intellectual properties for third party use and wholesale activities. The operating segments have discrete sources of revenue, different capital structures and different cost structures. These operating segments represent the basis on which the Company’s chief operating decision maker regularly evaluates the business in assessing performance, determining the allocation of resources and the pursuit of future growth opportunities. Accordingly, the Company has determined that each of its operating segments represent one reportable segment. The reportable segments follow the same accounting policies used for the Company’s consolidated financial statements.


Following is a summary of the financial information for the Company’s reportable segments (in thousands): 


           

International

                 
   

Retail

   

Franchising

   

Commercial

   

Total

 
                                 

Thirteen weeks ended June 28, 2014

                               

Net sales to external customers

  $ 75,351     $ 487     $ 410     $ 76,248  

Income (loss) before income taxes

    (4,016 )     (141 )     198       (3,959 )

Capital expenditures, net

    2,066       -       -       2,066  

Depreciation and amortization

    4,433       36       -       4,469  
                                 

Thirteen weeks ended June 29, 2013

                               

Net sales to external customers

  $ 80,395     $ 757     $ 750     $ 81,902  

Income (loss) before income taxes

    (6,805 )     302       390       (6,113 )

Capital expenditures, net

    5,164       45       -       5,209  

Depreciation and amortization

    4,715       46       -       4,761  
                                 

Twenty-six weeks ended June 28, 2014

                               

Net sales to external customers

  $ 172,191     $ 1,156     $ 842     $ 174,189  

Income (loss) before income taxes

    1,198       (278 )     426       1,346  

Capital expenditures, net

    3,162       9               3,171  

Depreciation and amortization

    8,903       74               8,977  
                                 

Twenty-six weeks ended June 29, 2013

                               

Net sales to external customers

  $ 183,326     $ 1,618     $ 1,223     $ 186,167  

Income (loss) before income taxes

    (6,878 )     250       625       (6,003 )

Capital expenditures, net

    8,943       73       -       9,016  

Depreciation and amortization

    9,586       91       -       9,677  
                                 

Total Assets as of:

                               

June 28, 2014

  $ 164,982     $ 2,509     $ 5,840     $ 173,331  

June 29, 2013

  $ 159,193     $ 3,016     $ 6,460     $ 168,669  

The Company’s reportable segments are primarily determined by the types of products and services that they offer.  Each reportable segment may operate in many geographic areas.  The Company allocates revenues to geographic areas based on the location of the customer or franchisee.  The following schedule is a summary of the Company’s sales to external customers and long-lived assets by geographic area (in thousands):


   

North

                         
   

America (1)

   

Europe (2)

   

Other (3)

   

Total

 

Thirteen weeks ended June 28, 2014

                               

Net sales to external customers

  $ 61,503     $ 14,424     $ 321     $ 76,248  

Property and equipment, net

    55,881       7,304       -       63,185  

Thirteen weeks ended June 29, 2013

                               

Net sales to external customers

  $ 66,701     $ 14,752     $ 449     $ 81,902  

Property and equipment, net

    60,042       8,231       -       68,273  
                                 

Twenty-six weeks ended June 28, 2014

                               

Net sales to external customers

  $ 141,332     $ 32,175     $ 682     $ 174,189  

Property and equipment, net

    55,881       7,304       -     $ 63,185  

Twenty-six weeks ended June 29, 2013

                               

Net sales to external customers

  $ 152,907     $ 32,335     $ 925     $ 186,167  

Property and equipment, net

    60,042       8,231       -       68,273  

For purposes of this table only:


(1) North America includes the United States, Canada, Puerto Rico and franchise business in Mexico


(2) Europe includes the United Kingdom, Ireland and franchise businesses in Europe


(3) Other includes franchise businesses outside of North America and Europe